The Manufacturers Life Insurance Company Increases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

The Manufacturers Life Insurance Company increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 158.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 100,875 shares of the industrial products company’s stock after purchasing an additional 61,842 shares during the period. The Manufacturers Life Insurance Company owned 0.20% of Zebra Technologies worth $37,356,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AXA S.A. increased its holdings in shares of Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after purchasing an additional 106,630 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Zebra Technologies by 94.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after acquiring an additional 69,549 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Zebra Technologies by 556.0% in the 3rd quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after acquiring an additional 59,332 shares in the last quarter. Sessa Capital IM L.P. bought a new stake in shares of Zebra Technologies during the 2nd quarter valued at about $17,115,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Zebra Technologies by 44.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 167,125 shares of the industrial products company’s stock worth $61,890,000 after purchasing an additional 51,488 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

ZBRA has been the subject of several research analyst reports. Truist Financial reiterated a “hold” rating and set a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. TD Cowen upped their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley increased their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $407.00 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market cap of $20.99 billion, a P/E ratio of 55.37 and a beta of 1.64. The business’s 50 day moving average price is $380.51 and its 200-day moving average price is $344.10. Zebra Technologies Co. has a fifty-two week low of $232.29 and a fifty-two week high of $409.03.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is currently owned by company insiders.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.